Over $2,000,000 Price Reduction!!! BANK OWNED FORECLOSURE! Outstanding opportunity to own a bank owned beach front REO with a premier location on the Encinal Bluffs in Malibu. Fantastic location provides sensational coastline and ocean views with two legal lots totaling over 1.6 acres. Expansive decks were built to enhance the enjoyment of this ocean front oasis. The lower deck offers DIRECT and PRIVATE access to the beach! Recently remodeled/rebuilt, this privately gated, single level Italian Villa boasts soaring wood beamed ceilings, beautiful limestone floors, and an outstanding great room for entertaining. The residence lies on the lower (beach front) of two legal parcels, while the upper parcel is currently vacant, and has potential for possible future development. A true compound opportunity awaits to own this unique OCEAN FRONT property that is priced to sell now!<br/><br/>Brokered And Advertised By: Re/Max Olson & Associates,Inc.<br/>Listing Agent: Jordan B. Cohen
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